EQS-News: AT&S Austria Technologie & Systemtechnik AG: AT&S successfully issues € 350 million hybrid bond and announces results of tender offer on EUR Hybrid Notes
EQS-News: AT&S Austria Technologie & Systemtechnik AG / Key word(s):
Financing
AT&S Austria Technologie & Systemtechnik AG: AT&S successfully issues €
350 million hybrid bond and announces results of tender offer on EUR
Hybrid Notes
18.01.2022 / 14:55
The issuer is solely responsible for the content of this announcement.
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AT&S successfully issues € 350 million hybrid bond and announces results
of tender offer on EUR Hybrid Notes
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN
THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING
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Leoben, 18.01.2021 – AT & S Austria Technologie & Systemtechnik
Aktiengesellschaft has completed the issue of a deeply subordinated bond
with an indefinite term and an early redemption option after five years
(hybrid bond) with great success. Directed exclusively at institutional
investors with a minimum denomination of € 100,000, the total issue volume
of € 350 million was placed with international and regional investors. The
proceeds of the issue thus exceeded the targeted minimum volume of € 300
million. The coupon was set at 5.00%. After admission to trading on the
Vienna Stock Exchange, the hybrid bond will be listed on the Regulated
Market (“Amtlicher Handel”) of the Vienna Stock Exchange.
Furthermore, AT&S announces today the results of its invitation to
eligible holders of its outstanding € 175 million undated resettable fixed
rate subordinated notes issued on November 24, 2017 (ISIN XS1721410725) to
tender such notes for purchase by AT&S for cash, announced on January 10,
2022 (the “Offer”). As of the expiration deadline of the Offer which was
5:00 p.m. (CET) on January 17, 2022, a total aggregate principal amount of
€ 133,607,000 was validly tendered pursuant to the Offer and accepted for
purchase by AT&S at a purchase price of 103.70% plus accrued Interest on
these notes. Following settlement of the Offer which is expected to take
place on January 20, 2022, € 41,393,000 principal amount will remain
outstanding.
“We will use the proceeds from the hybrid bond to support the strategic
investments in our profitable growth and strengthen our capital base,”
says CEO Andreas Gerstenmayer. “We are delighted that we were also able to
significantly broaden our investor base due to the strong demand after the
very positive investor roadshow. This proves that investors have
confidence in our strategy.”
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft – Advanced
Technologies & Solutions
AT&S is a leading manufacturer of high-end printed circuit boards and IC
substrates. AT&S industrialises leading-edge technologies for its core
business segments Mobile Devices & Substrates, Automotive, Industrial and
Medical. AT&S has a global presence with production sites in Austria
(Leoben, Fehring) and plants in India (Nanjangud), China (Shanghai,
Chongqing) and Korea (Ansan near Seoul). A new high-end production
facility for IC Substrates is currently being built in Kulim, Malaysia.
The company employs roughly 12,500 people. For further information please
visit [1]www.ats.net
Press Contact:
Gerald Reischl, Director Communications & Public Relations
Tel: +43 3842 200 4252; Mobile: +43 664 8859 2452; [2]g.reischl@ats.net
Investor Relations Contact
Philipp Gebhardt, Director Investor Relations
Tel: +43 3842 200 2274; Mobile +43 664 7800 2274; [3]p.gebhardt@ats.net
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
Fabriksgasse 13
8700 Leoben / Austria
[4]www.ats.net
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18.01.2022 This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: AT&S Austria Technologie & Systemtechnik AG
Fabriksgasse 13
8700 Leoben
Austria
Phone: +43 (1) 3842200-0
E-mail: ir@ats.net
Internet: www.ats.net
ISIN: AT0000969985, AT0000A09S02
WKN: 922230
Indices: ATX
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange;
Vienna Stock Exchange (Official Market)
EQS News ID: 1270009
End of News EQS News Service
1270009 18.01.2022
References
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2. g.reischl@ats.net
3. p.gebhardt@ats.net
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